My husband and I are hoping to purchase a flat in Oughtibridge and have appointed a Oughtibridge conveyancing practice. Within the past 48 hours our property lawyer has sent a preliminary report and documents to look through with a view to exchanging next week. Norwich and Peterborough Building Society have this morning contacted us to inform me that they have now hit a problem as our Oughtibridge conveyancer is not on their conveyancing panel. Please explain?
When purchasing a property with the benefit of a mortgage it is standard for the purchasers' solicitors to also represent the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel and you may continue to use your own Oughtibridge solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.
Would the conveyancing lawyers revealed through your search tool handle right to buy conveyancing in Oughtibridge?
We have identified a variety of conveyancing solicitors who can handle right to buy transactions Please contact us to secure a costs illustration.
The deeds to my house can not be found. The conveyancers who did the conveyancing in Oughtibridge 4 years ago no longer exist. What are my next steps?
Nowadays there are duplicates made of almost everything, and your lawyer will know precisely where to locate all the relevant documentation so you can purchase or sell your house without any difficulty. Where copies can’t be located, your conveyancer can arrange cover in the form of insurance or indemnities against future claims on your property.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Oughtibridge. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Oughtibridge
-
The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
I need to appoint a conveyancing solicitor for some conveyancing in Oughtibridge. I happened to stumble across a web site which seems to have the ideal offering If it is possible to get all the legals completed via email that would be preferable. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am just shy of a 10% deposit on my house purchase in Oughtibridge , but I still want to exchange. What can I do?
One option is to try and accept a smaller deposit. Most vendors will accept a lower deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last second